UPM Timber sold its share in RETS Timber to Stora Enso

Archive 31.8.2012 9:00 EEST

(UPM, Helsinki, 31 August 2012 at 9.00) - UPM Timber has today sold its 50% share in the export company Rets Timber Oy Ltd to the other owner Stora Enso. Rets Timber will continue operations in Stora Enso’s ownership.

Rets Timber has exported the owner companies’ softwood timber to Middle East and North Africa. UPM Timber will remain an active player in the market co-operating with its re-organized sales network.

For further information, please contact:
Marko Koskela, Vice President, Finance, Energy and Pulp Business Group, tel. +358 40 764 0477
Mikko Hyvärinen, Director, Sales and Supply Chain, UPM Timber, tel.
+358 40 566 5701